After we have considered all the facts based on US Bonds with the maturity of 5,10, & 30 years, seasonal trends, and the commercial net hedge from the Commitment Of Traders Data, we conclude the USD Index is set to move with a bullish bias until March 2020 (approx the second week). In a short term, the index is expected to make a retracement as long as the price does not break out and closes below the 96.54 level. The bull setup movement is still in progress at least for now. The index will try to reach the symmetrical price level at 97.68 as its prime target and the BUY Side Liquidity Pool 97.82 as their secondary target.
Overall the bias for the USD index is bullish.
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(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com